Chapel Down Share Discussion Threads

[dicktrade] 13/12/2023 18:24

I just think holding an AQUIS stock put investors off. The liquidity and spread and being able to hold in ISA and SIPP has made it a different proposition. Plus of course that with all the marketing/weather/harvest/growth prospect tailwinds this can easily go to ATH in pretty quick order.

[ayl30] 13/12/2023 17:57

So 19% up and no comments? Increased holding by former CEO /takeover speculation? Anyone have any better ideas?

[verulamium] 13/12/2023 09:14

The form's like something emerging from a typewriter in 1970, but it does clarify "Updated shareholding following the capital reorganisation completed in conjunction with the issuer's admission to AIM". So it sounds more like a procedural thing than a purchase. Anyway, whatever's going on it's going well this morning.

[ayl30] 13/12/2023 09:07

Blimey, straight through 70p and on.....

[dicktrade] 13/12/2023 09:02

Verulamium
I dont think so, the last holding figures for Frazer Thompson was 1.39% and no news since then. If he had increased this to over 3% wouldnt it have needed an RNS ?

[ayl30] 13/12/2023 08:58

Teetering on 70pLike it!

[verulamium] 13/12/2023 08:26

Isn't it just Frazer Thompson having to restate his holding because of the move to AIM rather than a change in holding? I'm surprised he hasn't had to sell a few shares now he has to pay for his own consumption, I always got the impression he was rather too fond of the product.

[elmfield] 13/12/2023 07:49

Interesting. Sniff of a takeover?

[ayl30] 13/12/2023 07:25

Thanks. Interesting rns shows no previous holding

[dicktrade] 13/12/2023 07:24

Ex CEO and founder. Andrew Carter replaced him. Very interesting purchase from someone who must know the company inside out.

[strollingmolby] 13/12/2023 07:23

He's the former CEO and founder of Chapel Down - interesting times!

[ayl30] 13/12/2023 07:19

Who is the person who has acquired 4.3%

[the big fella] 11/12/2023 16:33

The below link gives you access to the full chart history on AQSE. Hopefully someone with more technical acumen than I can load it in the header.

[luckymouse] 11/12/2023 14:42

What do the last three TUs say?
And is there a chart link showing price history? Both do yheres domething to hang your hat on

[nov31] 11/12/2023 14:12

In the long term I can see someone like DGE or one of the established champagne houses buying them out at a premium. The shares were 89p in 2019, fully funded growth plans so no risk of dilution

[faz] 11/12/2023 12:21

Given the quote of half a sentence I'd take this as something plucked from the H1 statement or earlier and not provided directly by AC for the article. The plan may well include funding or not- we dont yet know. But the vines are planted to meet the revenue target- funding imho would be for any additional operational costs with a quick ROI. I bought more last week.

[dicktrade] 11/12/2023 10:14

CT I am a bit confused, I was expecting a fund raise to fund the new development at Canterbury but i am now reading that Andrew Carter says the growth plan to 2026 is fully funded. If there is no needs for funds to 26 this is far far too cheap. Any ideas ?
TIA

[castleford tiger] 11/12/2023 08:50

Certainly moved the price.
What’s this company actually worth now?

[faz] 10/12/2023 13:09

Nice plug in the Sunday Times . Ian Cowie: "To be candid I am beginning to wish I had taken this business more seriously and may invest more. CDGP enjoyed a record 3,811-tonne grape harvest in 2023, 86 per cent above the year before, with first half pre-tax profits of £618,000 and chief executive Andrew Carter set out “a fully-funded plan to double the business by 2026.”"

[faz] 06/12/2023 10:01

I believe this is the last day on the AQSE exchange. We shall see whether there is more demand on AIM,; I am very unlikely to do anything other than watch. THe move is necessary to enable greater liquidity in the shares, and no doubt more flexibility in financing expansion.

[the big fella] 09/11/2023 12:11

Everything looking good re this years harvest and we are off to AIM. I will be down in tenterden in a few weeks taking advantage for their free shareholder tour and discount in the restaurant. I have also ordered a couple of cases of the sparkling rose for xmas - my wife’s favourite tipple. Todays rise has covered those and a few more 😃

[wiganpunter] 03/10/2023 11:40

I should add re the NAV comment from last weeks investor deck " the board continues to believe that the market value of the tangible assets is considerably higher than this UK GAAP reported value . " they reported them at £33m for H1 inc £15.5m of stock . they have 2.5m of bottling capacity / acreage is growing too over 1000 acres and the new Tenterden plant will be able to do 5-6m bottles . average selling price is £11 today .

[wiganpunter] 03/10/2023 10:48

hi everyone. CDGP has had a decent pullback post numbers which I think is based off small retail on acquis trying to get in front of what they think is a fundraiser as it moves to AIM. few reasons this I think is a great opportunity .
they confirmed they are on track to double the business to £28m net sales by 2028.
the nav is I think 30-0% understated on acquis. with 7-8 years stock , vines , land etc a fair value would be closer to 40-50p.
hambledon whicb is 1/5th of the size and loses money just got taken over at £23m quid which would put can implied ev of £100m on cdgp versus £65m today.
the management team is world class and aren't here to run a small firm - they have huge plans
key shareholders make the real float actually closer to 40% - any fund raise whilst moving to aim im not sure would even be open to existing retail . Michael Spencer is the largest shareholder and I suspect would fund this himself - note the funding is to add capacity.
the French / larger drinks brands are seeing English sparkling wine as a secular growth area given climate change is badly impacting the French growers - even taittinger recently bought a small area of Kent vines to try and hedge their production .
export deals are being done now there is capacity with duty free partnerships etc
balance sheet is net cash here
they have 80% of the entire English sparkling wine category growth in H1
Margin is excellent at 55%
so I think in the next few weeks you will see a move to AIM alongside a £15-20m raise underwritten by their key owners to fund the expansion . what you then get is a drinks brand that is a category leader with climate pushing its growth with a great brand , high existing market share and capacity growth that will be driven by a management team that has a track record of building small brands and selling them to bigger platforms . there is no reason at all this isn't worth double today based off recent transactions and won't 3-5x over the next 5 years. it check all the boxes.

[dicktrade] 17/8/2023 18:36

And a bit of sun now (that we are forecast )will increase the sugar content of the grapes and aid fermentation thus making the product taste that bit better.
Looking good here.